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Credit is bad, we had to let our home go years ago. My husband was ill for a long time. That's why our score is bad. I had to use up my savings my 401k to cover expenses. We also filed chapter 13 because we wanted to fix our credit, but we were treated like we were bad people. We had made rent payments for the last 6 years of 675.00 and never late. We had to move twice since we gave the home back to the lender, which in my opinion were frauds. I made double payments of 475.00 a month for over two years, then my husband was ill again. He had progressive COPD and also Cancer. My current landlord is Camcorder One LLC
7178083752.

I have worked in real estate for 17 plus years helping people sell and purchase properties ranging from land, homes, and new construction. I have been successful because I work aggressively to help people reach their goals. I am sure I can help you if you allow me the opportunity. Feel free to contact me at the office, 717-270-8808, by cell, 610-207-4290, or email at chuck.kidron@gmail.com. I'll look forward to speaking with you in the near future.... more

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.

It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website. http://consumer-action.org/

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

You should basically be in good shape. But you will get the best range of options by doing a real cleanup. Work with a professional credit repair company. I recommend LexingtonLaw.com. Your cutoff for good rates is 620, but you should have the negative items removed. They can help you do this in 4-6 months. Follow up with them every month and call them (the credit repair company) and you can achieve this. Not too hard!

For more tips read my blog, Top 10 Credit Myths. Link below. Good luck Saminaka!!!!!... more